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[m1k3y1] 18/3/2020 11:48

Sunak has to announce financial support for airports and airlines today, he should have done it yesterday.

Also, briefings at 7pm is frankly ridiculous. Important updates should be announced at the beginning of the trading day not the end.

Demonstrates to me that they really haven't got a grip of this situation yet.
Still playing catch up, rather than being ahead of the game.

[hamhamham1] 18/3/2020 11:26

I guess a record bull market had to come down in a record way.
And this is still early days.

[smithys2019] 18/3/2020 11:24

I reckon USA will be by far the hardest hit. The lack of leadership there and a nicompoop in charge will kill a lot of people.

[toon1966] 18/3/2020 10:52

Just watching CNBC, the ‘B’ word is being used in terms of Boeing. These really are dark days.

[hamhamham1] 18/3/2020 10:37

The US has now got all 50 states with virus cases, that is going to take several months to play out there.

[smartie6] 18/3/2020 10:12

Paa, naughty, very very naughty.

[paa65] 18/3/2020 10:11

I think UK is doing the right thing.Let those most able to survive it (children, and the working age population) carry on mixing to develop herd immunity.Protect the most vulnerable whilst that happens.The countries going for full lockdown have no exit plan other than hope that a) an existing drug is miracle cure or b) virus dies quickly in northern hemisphere spring.If the person who reported on here that Turkey may have 60% infection rate is correct, then Turkey will be first country to emerge from this crisis - simply by doing what the human race has done for a million years - let our natural defences kill it off.

[montyhedge] 18/3/2020 09:37

I think Spain, because IAG Spanish will have to do it to save the airline, eventually.

[sr2day] 18/3/2020 09:36

long time ago i was advised never invest in airlines and miners.now i know why.

[roberto mancini] 18/3/2020 09:34

NATIONALISATION coming to a share near U!!!

[snoopy12] 18/3/2020 09:31

They did not let a NY times journalist enter. Also there is very little news coming out of Turkey with . Figures doing the round estimate 60% infected.

[m1k3y1] 18/3/2020 09:31

fj.....fair enough. I understand that Cathay are recalling pilots also.

[fjgooner] 18/3/2020 09:29

m1ky1,

Maybe not, but I trust FedEx to play a straight bat. And according to FedEx, it looks like Asian demand is already getting back to normal

---------

While the uncertainty is shutting down daily life in much of the world, FedEx is beginning to see a cargo rebound in China, where the outbreak originated. About 95% of large manufacturers have returned to operations there, FedEx said, and last week the courier made about as many flights as normal to and from the country.

...

“The demand we’re seeing out of Asia right now is quite robust,” Chief Operating Officer Raj Subramaniam said on a conference call with analysts to discuss the company’s fiscal third-quarter results. “Manufacturing capacity is coming back online.”

From:

[smartie6] 18/3/2020 09:28

Must be serious then paa.

[smartie6] 18/3/2020 09:27

M1, you’ve seen through it. The loan guarantee does help but gives them time not to spend, hoping failures can be spread out over a number of years and ease the government debt burden. Best thing they could have done was to give everyone £10k to get them through a 4months U.K. closedown from thereafter we rebuild the U.K. economy and become self reliant.

[paa65] 18/3/2020 09:27

So if lockdown is the answer, why are Wuhan and Hubei still in draconian lockdown after two months?

[m1k3y1] 18/3/2020 09:27

paa....I don't think we can trust any information coming out of China to be honest.

[paa65] 18/3/2020 09:26

So if lockdown is the answer, why are Wuhan and Hubei still in draconian lockdown after two months?

[sr2day] 18/3/2020 09:26

stimulus package cannot fill the hole that this virus is causing to the economy.lock down must be costing the economy of all these countries billions.recession inevitable.fasten your seatbelt.

[m1k3y1] 18/3/2020 09:23

toon...I am talking about the financial stimulus ......
Sunak and BoJo are not committed or convincing enough.
They are trying to do it on the cheap , when everyone just wants them to help. regardless of whether it creates recession or not.

[smartie6] 18/3/2020 09:23

Paa65 is the grim reaper, he’s just after his death quota for the year in a month.

[toon1966] 18/3/2020 09:21

“Trumps leading the way...” yeah right!

[paa65] 18/3/2020 09:21

China haven't conquered Covid19.They've simply locked up anyone who MIGHT get it in Wuhan and Hubei.And they've been so successful in stopping it's spread that very few people have had it and developed immunity.With no reliable antibody tests to see what percentage of the population have had it (and are now immune) they are terrified to release the lockdown.And now the whole world is following China's lead. With the whole world having no exit plan for lockdown.The only way out of this is to let people get it and develop herd immunity.Harsh - but we all know that will work.

[smartie6] 18/3/2020 09:21

They’re just putting a package together imo to nationalise all airlines. Fly U.K.?

[smartie6] 18/3/2020 09:20

Most lenders offer 12 month repayment holidays on mortgages anyway.